Handing Over My Wallet to AI: Which Model Gave the Best Financial Advice?
Ever looked at your bank account and thought "I should probably talk to a personal financial advisor" — but then remembered that good advisors charge anywhere from $150 to $300 per hour? For most of us, professional financial advice feels like a luxury we can't justify. But we shouldn't have to wait until we're rich to get good financial advice!
That's where AI might change everything. Instead of paying hundreds per hour for financial advice, what if you could get personalized insights for the cost of a ChatGPT Plus subscription? To test this possibility, I connected RocketMoney to all my accounts—checking, credit cards, investments, the works—and exported 90 days of transaction data. Then I fed this financial snapshot to three AI heavyweights: ChatGPT, Claude, and Gemini.
But this isn't just about which AI is "smarter." Each platform brings different tools and features that the model can use to analyze the data. I asked each to analyze my spending and create a comprehensive financial plans and reports, just like a human advisor would.
I kept it simple. Each AI received the same prompt:
You are an expert personal finance manager and wealth advisor. I have included my last 90 days of transactions. I need you to do an analysis of my current financial situation and give me a report and wealth plan. Keep in mind this csv is a consolidation for all of my accounts and includes transfers and credit card payments provided by RocketMoney.
The results? Let's just say one AI saved me more money in potential insights than a year's worth of its subscription costs—while another couldn't even handle the basics. Here's what happened when I turned my finances over to the machines.